Deposit Methods: Credit Cards, Bank Wire, e-Wallets
Minimum Deposit: $250
Free Demo Account: no
Types of Assets: CFDs, Forex, Commodities, Cryptocurrencies
Golden Gate is a broker that’s been present in the Forex world for some time. What we were able to see at the beginning is that the main focus of this online trading place is to educate its clients and help them improve knowledge and skills. There is a team of experienced traders who stand behind this broker and that’s always a good thing to see. Actually, it’s one of those things that attracted us in the first place.
Of course, there are a lot of other things this broker claims to offer, so why don’t we go straight into this Golden Gate review and see what else clients get if they open an account and start trading here. The first, and most important thing, is a wide range of tradable assets. No matter the account, you will get a chance to choose between 200 assets from different classes. So, if you like to have a decent selection and choose according to your current mood or preferences, this broker is an excellent choice.
Cryptocurrencies, Stocks, Indices, Commodities, and Currencies, everything is available and you can create a full trading portfolio in one place. What may come as a surprise is the cryptocurrency selection. We are all used to seeing Bitcoin and Ethereum, but with Golden Gate, the list is a bit longer. Aside from these two digital currencies, you can trade Litecoin, Tether, XRP, and Bitcoin SV.
It’s not hard to conclude why we liked this broker at the first glance. Unfortunately, first impressions can be completely wrong sometimes and that’s why we need to go through the rest of the service and see if our final opinion will match those first impressions.
Golden Gate does have a good reputation online and that’s the first thing you should check before opening an account anywhere. Oftentimes, people get so confused when they start looking for a license. First of all, keep in mind that the regulation is not mandatory in order to begin Forex business. Yes, it gives a certain dose of security to clients, but there are other things that are far more important.
Having a license that’s issued by some of the governmental bodies brings a higher level of security, but it doesn’t bring better trading conditions, lower fees, or proper service. Trust us, if you need to choose between these two, always go with the broker that will offer impeccable service. This way, you will be able to enjoy all benefits like reduced commissions, lower initial deposits, etc.
The broker we are talking about today doesn’t have a license, but that’s not something you should worry about. All those positive comments and excellent trading conditions just tell us how good Golden Gate is. You will see in the rest of our review the number of security steps this broker takes to prevent fraud. Trust us, your money is secured and there is nothing to worry about even though we are talking about an unregulated broker.
Although there aren’t any rules about a trading platform and how it’s supposed to look, we do have some requirements and we stick to them no matter what. The first, and most important rule, is a perfect combination of first-class tools and simple design.
Golden Gate’s decided to implement a web-based platform, so you can launch it directly from the website. This is an excellent thing because we don’t have to spend time downloading and installing an app. Everything is quick and easy, so the first thing is fulfilled — we got the simplicity we required.
When it comes to trading tools, there are a lot of instruments to choose from. Excellent design makes things easier because everything is neatly divided into segments. If you need to manage your trading account, there is no need to leave the trading platform page. The left side of the screen is reserved for that and you can change positions, deposit and withdraw funds, contact support or change the account settings.
Another part of the screen is about the assets. Simply choose the one you want (there are different categories) and the chart will appear. Now we came to an interesting part. The chart is fully customizable, and you can arrange it according to your preferences. If you don’t want to see the daily interval, switch to hourly. Also, you have an option to change the chart type, indicators, label, and many other things.
To conclude the story about the platform, we have to say this one offers a user-friendly experience, it works without interruptions and you can trade on every device. Overall, it has everything that’s necessary for successful trading without interruptions.
Like any other broker who takes this business seriously, Golden Gates provided different account types to its clients. Everyone has the freedom to choose the perfect one for them and the main noticeable difference is the minimum deposit requirement. From $250 to over $100,000 it all depends on your trading experience and desires. Of course, the deposit is not the only thing that makes those accounts different. For example, within the smallest account you will receive market reviews and leverage up to 1:100, but that’s it. No senior account manager or bonus fund. Keep in mind that market reviews and excellent leverage are more than enough for a good start, so if you are a beginner, this basic account type would be perfect for you.
For more experienced traders there are other accounts that can offer things like financial planning, trade room analysis, risk management planning, prioritized withdrawal processes, different webinars, and access to VIP events. The most important principle that you can notice here is diversity. Clients have the freedom to choose and select the one that fits their needs the most.
Deposits and Withdrawals
The deposit and withdrawals process goes very smoothly here. You have an option to use a Credit Card, Bank Wire, or eWallet and the only requirement is to use the same method when you withdraw funds. Everything can be done with just a couple of clicks and the money you deposited will be on the account instantly. Things are a little bit different with withdrawals and you need to be patient for a couple of days to receive money. This depends on the account you choose, because all of them have different prioritization levels, as we previously mentioned.
While all the deposits are processed instantly, there are different waiting times you will need to consider for withdrawals with each payment option. Namely, e-wallets are always the smartest idea since they are able to process these requests instantly. On the other hand, credit and debit cards can also be efficient, but that depends on the bank that is issuing them. Typically, it can take from 1 to 3 business days. Lastly, the bank wire transfer takes the longest – up to 5 business days, but it is still an often-used option, so Golden Gate keeps it available for its clients.
The most important thing to keep in mind here is that their team could request some additional information or documentation so they could process your transactions properly. This should not concern you, since the main goal is your safety and the security of your money and assets.
One thing is certain if you have experience in trading, you also have experience with bad customer support. There are so many brokers who don’t understand the importance of proper support and that’s why we like to dedicate one part of the review to see if we can count on educated and responsive representatives.
We won’t go into many details. The most important thing you need to know is that with Golden Gate you can count on help anytime you need it. We tested that, of course, and sent a message using the Live Chat option. Within just a few minutes one person from customer support welcomed us and replied to every single question we had. So, if there are any issues don’t hesitate to contact them.
Another important thing is that Live Chat is not the only option you have. If you prefer to call them, there is a phone number. Also, email and an online form are available to everyone. It’s totally up to you to decide how you want to reach out to them, either way, someone will reply in a very short period of time.
As the last part of the review, we want to reflect on education. It’s not a mandatory thing, but it certainly adds a nice touch to the overall service. You’d be happy to hear that Golden Gates provides knowledge to everyone. Yes, every single person, even if you are not a client! There is an Education Center on the main menu, and everyone is more than welcome to visit it and learn new things from eBooks.
Of course, as a registered client, you will receive educational material that’s on a whole different level. Aside from eBooks, there are webinars, video lessons, one on one personalized sessions, etc. Needless to say, we can safely recommend this broker. You will get excellent trading conditions, each dollar you deposit will be safe and as a cherry on the cake, you will be able to improve your trading skills. Apparently, the search for the perfect broker can stop, because we have just found one.